Golden State Warriors to buy Salesforce land for new SF arena

SAN FRANCISCO (MarketWatch) - The Golden State Warriors has agreed to buy land in San Francisco's Mission Bay from Salesforce.com
CRM, +0.43%
, the team said Tuesday. A Salesforce.com spokesman confirmed the deal to MarketWatch. The Warriors plans to build a "state-of-the-art sports and entertainment center" on the 12-acre site, the National Basketball Association team said in a statement. Shares of Salesforce.com rose 1.7% to close at $57.08 on Tuesday.

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